RE:RE:RE:$1.85 is critical to hold, just critical.....
Very very obvious for everyone to see .... KRN is making lower highs and now breached the resistance at 1.85 to go lower. Next 2-3 weeks KRN will test the bottom and potentially could go down 10%, 20% or 30% lower.
Many folks on this board may not like to see the contrarian view - KRN is no go due to huge potash inventories, sizeable cut backs by CanPotash cartels, lower corn prices. It is just a matter of time when GFSC will bite into KRN for claw backs against delays in off take agreements. I only hope to recover my capital + 5 to 10% if there is momentary pop in stock.
Crassus02,
the floor is not set. Floor could be called if there was rally to breakout the highs...unfortunately KRN is creating new low highs and re-testing low again and again.
If there is no material super action this will go lower and possibly drop additional 10,20, 25% over next 6 to 8 months. Understand all great stuff cash at hand yada yada yada which means nothing as GSFC will ask for it's pound of flesh if KRN cannot raise cash for construction. Significant holdings exist with fund investors and any of those can eject if losses persit by end of quarter4.
I hope it pops up so people can bail themselves and salvage some capital. This is only scenerio I could envision .... IMHO
Read more at https://www.stockhouse.com/companies/bullboard/t.krn/karnalyte-resources-inc?postid=21821881#hVHKzWh22PRK2yXR.99